Friday, 24 October 2014
Last updated 15 hours ago
Feb 3 2011 | 1:24pm ET
Tennessee-based hedge fund Courage Capital Management has launch a short-biased hedge fund, following its launch last year of a long/short strategy.
The distressed specialist, which has $600 million in assets under management, launched its Short Opportunity Fund last month. The new vehicle is managed by Brad Weeks and James Hughes, who joined Courage last year from Ergates Capital Management.
Weeks and Hughes are also at the helm of the Long/Short Opportunity Fund, which debuted in November. The two U.S. stock funds currently manage $25 million in advance of their opening to worldwide investors during this quarter, HFMWeek reports.
Last year, Courage launched its Credit Opportunities Fund.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...